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It sold for $675,000 on 2026-09-03, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
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About This Property
Five-unit multifamily in the centrally located Stateline area of South Lake Tahoe. Ideally located within walking distance of the bus route, Heavenly Village, casinos, restaurants, shopping, and one of the area's largest employment centers, the property benefits from a consistently strong rental market and a historically low vacancy rate.The property consists of two one-bedroom, one-bath units and three studio apartments, all of which are currently tenant occupied. Covered parking is available for four of the units, a valuable amenity that adds convenience for tenants year-round.Additional features include a spacious basement/storage area that provides ample room for owner storage, maintenance supplies, or potential future utility. With its prime location, rental history, and desirable unit mix, this is an excellent opportunity for investors seeking an investment in one of South Lake Tahoe's strongest rental corridors. Whether you're looking to expand your investment portfolio or acquire a well-positioned income property, 3686 Primrose Road is a property that deserves strong consideration.
Listing Details
Property History
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗ How the Basin comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costs
